Attempts to finalise new liquidity standards have hit a new stumbling block, with the Basel Committee on Banking Supervision failing to agree amendments from its liquidity working group during a late-September meeting, according to three regulatory sources. The working group had already made multiple rounds of revisions.
“We have been asked to work out a new compromise in the next few weeks. That’s all I know. It is starting to be frustrating,” says one of the group’s members.
The liquidity rule